ICAEW Business Confidence Monitor: national
The latest ICAEW Business Confidence Monitor (BCM) shows that business confidence, although still negative, has not fallen significantly this quarter despite ongoing Brexit uncertainty. The latest findings highlight the impact that stockpiling had on GDP, and how this could impact overall growth for the rest of the year.
Key findings this quarter
The confidence index remained at -16.6 this quarter, similar to -16.4 in Q1
There is evidence of Brexit-related precautionary stock-building, which probably temporarily boosted GDP
Companies report slow and steady sales growth, with no major improvement expected in the year ahead
Costs are rising slightly above selling prices, thus companies are relying on sales growth to generate increases in profit
Companies across the UK have spare capacity, especially in the Manufacturing & Engineering and Retail & Wholesale sectors
Low confidence and sales growth, plus widespread spare capacity, are holding back all types of investment
Find out about the research methods that underpin the ICAEW Business Confidence Monitor.
Using BCM data
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Taking part in the BCM
If you're an ICAEW member working in industry or commerce you might be called to give an opinion on the economic prospects facing your organisation - please spare a few minutes to take part. Your views will provide information on matters of key concern to a broader businesses community, policy-makers and the media. You'll also be helping ICAEW to promote Chartered Accountants as business people with a serious contribution on business, finance and economic issues.